Proficio Capital Partners LLC Purchases New Shares in Sony Group Co. (NYSE:SONY)

Proficio Capital Partners LLC bought a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,553 shares of the company's stock, valued at approximately $329,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in shares of Sony Group by 5.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company's stock valued at $2,636,000 after buying an additional 1,504 shares during the period. Mizuho Markets Americas LLC purchased a new stake in shares of Sony Group in the third quarter valued at about $324,000. Natixis Advisors LLC increased its stake in Sony Group by 28.3% in the 3rd quarter. Natixis Advisors LLC now owns 353,041 shares of the company's stock valued at $34,093,000 after buying an additional 77,870 shares during the period. Chesapeake Capital Corp IL acquired a new stake in shares of Sony Group in the 3rd quarter valued at approximately $244,000. Finally, Thrivent Financial for Lutherans increased its holdings in Sony Group by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company's stock valued at $61,579,000 after buying an additional 2,974 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Trading Up 0.4 %

Shares of Sony Group stock opened at $22.95 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market cap of $138.76 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The business has a fifty day simple moving average of $22.51 and a 200-day simple moving average of $17.80.

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Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, equities analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

SONY has been the subject of several analyst reports. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $28.00.

About Sony Group

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.

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